In the first quarter, the Lazard US Convertible Portfolio underperformed its benchmark, the ICE BofA US Convertible Index. The US equity market receded in the first quarter, as investors trod ...
In the first quarter, the Lazard US Convertible Portfolio outperformed its benchmark, the ICE BofA All US Convertibles Index. The Portfolio’s equity sensitivity was higher than the benchmark at 51.5% ...